Financial Survival Network

PMI Report (Manufacturing Purchasing Managers' Index) measures the activity level of purchasing managers in the manufacturing sector Past few months we have seen the numbers in line or under expectations Last week it was above for the first time since April Another number will be reported tomorrow ALL values are still negative, even if they are not as negative as initially thought. Everyone is Bullish and it is scary! Morgan Stanley strategist Mike Wilson finally capitulated and apologized for getting the market wrong the last nine months. (He is a huge bear mkt guy) from 3500-4400 When the Street’s most bearish strategist turns bullish, does that mean the market is due for a correction? YES! Time to get short. Last year people were adding on to TBill positions. This Year, everyone YOLOed into tech stock and out of TBills Right on market highs. You could not have scripted this any better. Between strategists apologizing and people YOLOing into tech stocks, I think it’s time to book whatever gains we have and